Further blow to Woodford investors as £550m deal falls through - reports

Fire sale could be forthcoming

David Brenchley
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The deal consisted of a portfolio of biotech start-ups
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The deal consisted of a portfolio of biotech start-ups

A deal to find investors to buy a portfolio of biotech start-ups held in the LF Equity Income fund for £550m has fallen through, according to reports.

PJT Park Hill, the company tasked with offloading the illiquid part of the fund's portfolio, formerly run by Neil Woodford, gave a period of exclusivity to WG Partners to assemble a group of investors...

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